Export Tax Rebate Changzhou Textile And Garment Industry Has The Most Benefit

From November 1st, China will increase the export rebate rate of textiles, clothing, toys and other commodities.

It is estimated that the annual tax rebate will increase by nearly 150 million yuan for the production enterprises in our city, and the amount of tax rebate should be increased by nearly 80 million yuan per year. The textile and garment industry will benefit the most.

The export tax rebate rate adjustment is the largest number of tax regulations and the largest effort since 2004.

The adjustment involves a total of 3486 commodities, accounting for 25.8% of the total number of goods in the customs tariff, which mainly includes two aspects: first, the export tax rebate rate for labour intensive commodities such as textiles, clothing and toys should be appropriately raised; two is to increase the export tax rebate rate of high technology and high added value commodities, such as anti AIDS drugs, and the adjusted export tax rebate rate is 5%, 9%, 11%, 13%, 14% and 17% six files.

The adjustment will help to reduce the pressure of export enterprises and increase export competitiveness.

However, the impact of the US dollar trend and the reduction of consumption power in the international market must be observed.

Reporter learned yesterday from the city tax bureau, from the export tax rebate declaration of our export enterprises in 1-9 months, the tax rebate rate increased to 751 production enterprises and 352 foreign trade enterprises. The largest textile and garment industry accounted for 87.95% of the total merchandise exports, followed by furniture, tools and organic chemical industry.